A little quiz for you. - Posted by js-Indianapolis

Posted by js-Indianapolis on July 31, 2003 at 18:40:17:

I was wondering when someone would get it. I was waiting for a bunch of guesses. Now, is it infinite? or Undefined?

A little quiz for you. - Posted by js-Indianapolis

Posted by js-Indianapolis on July 30, 2003 at 22:09:11:

I posted this on another thread, and so many people have tired to figure it out, I thought I’d put it up here. For those of you who get the answer, don’t just blurt it out already, what fun would that be? Let some people give their best guesses for a while. Here’s the scoop:

You take a home Sub To for $145K, FMV of $150K. The owner pays you $10K to take it (thereby creating a 90% deal). You get $150 a month positive cashflow for 36 months, from a tenant buyer who put $5K down, and cashes out at $170K after the 36th month.

What is your return on investment?

It’s been half a day - Posted by Steve-WA

Posted by Steve-WA on July 31, 2003 at 13:52:27:

No responses, so how about this:

Return on what investment?

I get 10K + 5200 CF + 5K dp + 25K back end = $45,200.00 divided by $0.00 = infinite ROI

Oops! I forgot to add in the tax benefits!

Am I off a little?